Quadient: H1 NI down a third

(CercleFinance.com) - Quadient reports net income (group share) of E24m for the H1 2024, compared with E36m a year earlier, with underlying EBIT down 6% at E61m, although up 0.
3% organically.

Sales rose by 3.2% to E534m, with organic growth of 0.8% driven by the strength of the digital division (+5.9%), which more than offset slight declines in the mail (-0.5%) and lockers (-2.5%) divisions.

With H1 organic growth in line with expectations, Quadient confirms that it expects organic growth in both sales and recurrent EBIT for FY 2024.


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